BREAKING: The US Treasury announces it will double the size long-term US government debt buybacks following the rapid surge in US Treasury yields. Repurchases of $2 billion will now be increased to "at least" $4 billion, the US Treasury said. The move is intended to provide "liquidity support" for bonds maturing in 10 to 30 years as total US debt nears $40 trillion. There is the intervention we have been calling for.(The Kobeissi Letter)